Royal Bank of Canada Sells 22,715 Shares of Invesco S&P SmallCap Information Technology ETF $PSCT

Royal Bank of Canada lowered its holdings in shares of Invesco S&P SmallCap Information Technology ETF (NASDAQ:PSCT) by 44.1% in the first quarter, Holdings Channel.com reports. The fund owned 28,752 shares of the company’s stock after selling 22,715 shares during the quarter. Royal Bank of Canada’s holdings in Invesco S&P SmallCap Information Technology ETF were worth $1,727,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PSCT. Northwestern Mutual Wealth Management Co. increased its stake in Invesco S&P SmallCap Information Technology ETF by 722.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 761,760 shares of the company’s stock worth $43,123,000 after purchasing an additional 669,175 shares during the period. Asset Allocation Strategies LLC purchased a new stake in shares of Invesco S&P SmallCap Information Technology ETF during the first quarter valued at $6,240,000. Cetera Investment Advisers boosted its stake in shares of Invesco S&P SmallCap Information Technology ETF by 232.1% during the first quarter. Cetera Investment Advisers now owns 124,215 shares of the company’s stock valued at $7,462,000 after purchasing an additional 86,813 shares during the period. Cordoba Advisory Partners LLC bought a new position in shares of Invesco S&P SmallCap Information Technology ETF in the fourth quarter worth about $3,275,000. Finally, Flow Traders U.S. LLC bought a new position in shares of Invesco S&P SmallCap Information Technology ETF in the third quarter worth about $1,974,000.

Invesco S&P SmallCap Information Technology ETF Price Performance

PSCT stock opened at $80.03 on Wednesday. The company has a market capitalization of $500.19 million, a PE ratio of 23.78 and a beta of 1.33. Invesco S&P SmallCap Information Technology ETF has a 12 month low of $45.59 and a 12 month high of $92.45. The firm’s 50-day moving average is $83.10 and its 200 day moving average is $73.71.

Invesco S&P SmallCap Information Technology ETF Company Profile

PowerShares S&P SmallCap Information Technology Portfolio (the Fund) seeks investment results that correspond generally to the price and yield performance of an index called the S&P SmallCap 600 Capped Information Technology Index (the Index). The Index consists of common stocks of the United States information technology companies. These are companies that are principally engaged in the business of providing information technology-related products and services, including computer hardware and software, Internet, electronics and semiconductors, and communication technologies.